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Business Journal – Bel-Air Canyon

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LARGEST UNDEVELOPED PARCEL IN FABLED BEL-AIR, CA-ON MARKET REPRESENTED BY AARON KIRMAN OF AAROE ESTATES

ASKING $125 MILLION FOR PRIME 258-ACRE SITE IN ONE OF NATION’S MOST AFFLUENT NEIGHBORHOODS

PR Newswire

BEVERLY HILLS, Calif., July 18, 2013

BEVERLY HILLS, Calif., July 18, 2013 /PRNewswire/ — Aaron Kirman, president of Aaroe Estates, the luxury property division of John Aaroe Group, has listed the largest undeveloped parcel of real estate in Bel-Air, one of the nation’s most exclusive residential neighborhoods. The 258-plus-acre site is priced at a cool $125 million—making it the most expensive property currently listed for public sale in the Los Angeles area.

The listing offers wealthy investors a chance to own more than 5 percent of the Bel-Air neighborhood, an enclave made famous in countless Hollywood films and television shows. “This site is one of the best remaining development opportunities in Bel-Air,” Mr. Kirman said. “It’s a rare opportunity to develop something truly amazing— one significant estate or perhaps multiple estate homes, with a golf course. The sky’s the limit.”

Founded in 1923 by Alphonzo E. Bell, the affluent Bel-Air neighborhood forms part of Los Angeles’ “Platinum Triangle” with the adjacent Beverly Hills and Holmby Hills neighborhoods. The undeveloped site previously was owned by a family that donated adjacent acreage to the Stephen S. Wise Temple, the Skirball Cultural Center and the Los Angeles Conservancy. The acreage is currently owned by a private international investor. For the online listing, go to http://www.aaroe.com/featured-properties.php?prop_id=206.

Mr. Kirman is renowned for his representation of some of the country’s most significant estate and architectural properties, including residences by Koenig, Shindler, Lautner, and the only Neimeyer in North America. Mr. Kirman has represented such unique southern California estates as Frank Lloyd Wright’s Ennis House, Richard Neutra’s Kaufmann Residence, and Frank Gehry’s Schnabel House.

During his career, Mr. Kirman has sold more than $1 billion of residential real estate to a group of select clients including A-List celebrities, heads of industry, foreign investors and royalty. While he specializes in exclusive properties from Beverly Hills to Malibu, he has represented buyers and sellers worldwide. He has an extensive client base featuring those who seek the luxury lifestyle including heads of industry, celebrities, royalty, major lending institutions and foreign investors.

The Aaroe Estates division is currently marketing nearly half a billion dollars’ worth of high-end properties in Los Angeles, New York and abroad.

About John Aaroe Group

John Aaroe Group is a leading real estate brokerage specializing in high-end property in the greater Los Angeles area. The company has represented some of the region’s most prestigious properties, and offers in-depth knowledge through its offices in Beverly Hills, the Sunset Strip, Sherman Oaks, Pasadena, and downtown Los Angeles. The company also serves an international clientele through Aaroe Estates. Founded by John Aaroe in 2009, John Aaroe Group is known for its agents’ dedication to impeccable service, as well as for Mr. Aaroe’s three decades of experience representing buyers and sellers of select residences.

For more information on Aaron Kirman, please visit www.aaronkirman.com.

SOURCE John Aaroe Group

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